Russia: Gazprom, Amur Oblast Sign Cooperation Agreement

The Agreement of Cooperation was signed at the Gazprom headquarters by Alexey Miller, Chairman of the Company’s Management Committee and Oleg Kozhemyako, Governor of the Amur Oblast.

Implementation of the Eastern Gas Program and gasification projects in the Amur Oblast as well as gas and energy saving technologies introduction are defined as the top priority areas of cooperation.

The document reflects the parties’ interest in preparing the fuel and energy balance plan for the Oblast with due account of the efficient use of the local resources, in elaborating the energy saving program and creating a comprehensive environmental monitoring system.

The Amur Oblast Government will support Gazprom in performing its functions as the Eastern Gas Program coordinator. An opportunity will be considered for granting tax and other exemptions to Gazprom when implementing regional investment projects in the field of gasification, energy saving and environmental protection. The Company will be assisted in land allocation for the process, social and welfare facilities construction.

The open-ended Agreement of Cooperation between Gazprom and the Amur Oblast Government has been signed for the first time ever.

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Source: Gazprom, April 25, 2011;